1202-1216 E 7th St - Apartments FOR SALE


National City, CA 91950
$1,489,000 USD
619-358-3748
1202-1216 E 7th St, National City, CA for Sale
$1,489,000 USD
Apartments - FOR SALE
1/18
null | 5.19% Cap Rate

1202-1216 E 7th St
National City, CA 91950


HIGHLIGHTS

  • VALUE-ADDED - Recently replaced roofs
  • LARGE LOT - 24,358 SF Lot
  • 11 on-site Parking Spaces with potential for more!
  • STRONG UNIT MIX - Comprised of Three 2BD/1BA Cottages, One 1BD/BA Cottage, and Two 1BD/BA Duplex Unit

OVERVIEW

This well-located 6-unit multifamily property in National City is comprised of four detached cottages and a duplex, totaling 24,358 square feet. The cottages include three 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, while the duplex contains two additional 1-bedroom/1-bath units. The property offers 11 on-site parking spaces with room for more, providing convenience for residents. All roofs have been recently replaced, creating a solid foundation for future renovations. This asset presents a strong value-add opportunity for an investor to make improvements, increase rents, and maximize long-term income potential. With multiple detached units, ample parking, and a large lot size, the property is a rare find in one of San Diego County’s steady rental markets.

FOR SALE DETAILS

PRICE

$1,489,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

6

PRICE/UNIT

$248,167

CAP RATE

5.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.56 AC

LAND SF

24,358 SF

ZONING

RS-2

APN/PARCEL ID

557-091-07,557-091-08

ASK ABOUT THIS PROPERTY

Seth WatjeStarker West, IncMore Info
619-358-3748

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Seth WatjeStarker West, IncMore Info
619-358-3748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.